Max Stock Limited: Immediate report of new interested party holdings

Regulations 33(e)-(f) of the Securities Regulations (Periodic and Immediate Reports), 1970

CAESAREA, Israel, Jan. 15, 2024 /PRNewswire/ -- Max Stock Limited (TASE: MAXO) (the "Company") today announced a new interested party:

            
            
              Name                     Transaction             Date of             Shares          Average             No. of               % Total                     % Total
                                                                     transaction         purchased           share              shares              holdings                    holdings
                                                                                                             price            following                          following                   following
                                                                                                             paid                the                  the                         the
                                                                                                                             transaction          transaction                 transaction
                                                                                                                                                                                 (fully
                                                                                                                                                                                diluted
                                                                                                                                                                                 basis)


     
     Migdal Insurance and Financial Holdings Ltd. TASE share            January 11,
                                                      purchase                2024                 3,559,039     ILS 7.08               8,964,273                      6.43 %                      6.37 %

Breakdown of holdings (following the transaction), by group entities:

     
                Name                      No. of shares
                                              held



     Profit sharing life insurance policies     7,971,577



     Mutual fund management companies             992,696

Details:

Migdal Insurance and Financial Holdings Ltd. ("Migdal") holds more than 5% of Max Stock's share capital through the life insurance policies and mutual funds managed by it. Migdal is a public company whose ultimate indirect controlling shareholder is Mr. Shlomo and Ms. Haya Eliyahu (64.28%).

This is an English translation of excerpts of a Hebrew immediate report that was published on January 15, 2024 (Ref. No: 2024-01-006411 (hereinafter: the "Hebrew Version")). This English version is only for convenience purposes. This is not an official translation and has no binding force. Whilst reasonable care and skill have been exercised in the preparation hereof, no translation can ever perfectly reflect the Hebrew Version. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

About Max Stock
Max Stock is Israel's leading extreme value retailer, currently present in 63 locations throughout Israel and 2 locations in Portugal. We offer a broad assortment of quality products for customers' everyday needs at affordable prices, helping customers "Dream Big, Pay Small". For more information, please visit https://ir.maxstock.co.il

Company Contacts:
Talia Sessler,
Chief Corporate Development and IR Officer
talia@maxstock.co.il

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SOURCE Max Stock Limited